Blockchain and Crypto Blog

Ivan on Tech Academy provides latest insights and reports about the blockchain industry.

decentralized finance decentralized insurance defi nexus mutual nxm nxm token

Introduction to DeFi Insurance and Nexus Mutual

Written By Ivan on Tech

Sep 13, 2020

Decentralized Finance (DeFi) is still all the rage in crypto these days. With more users onboarding from the traditional world of finance, it’s only natural they’d want to hedge some of their risks. That’s where DeFi insurance comes in. As such, this article takes a closer look at some options for decentralized insurance, such as Nexus Mutual.

Nevertheless, it can be worth prefacing this with the underlying raison d’être for Nexus Mutual. One of the biggest risks DeFi users face is with smart contract failures. Whether it be bugs or hacks, smart contract fails are a quick way to have your money disappear. Wouldn’t it be nice if there was a way to hedge that risk? Well, thanks to protocols like Nexus Mutual, now there is.

As always, if you are looking to get a more comprehensive introduction to DeFi, Ivan on Tech Academy should be your go-to option. Ivan on Tech Academy is rapidly becoming one of the premier global blockchain education platforms,...

Continue Reading...
decentralized exchanges decentralized finance decentralized insurance decentralized money markets decentralized stablecoins decentralized synthetics defi dexs

The Ultimate Guide to Decentralized Finance (DeFi)

Written By Ivan on Tech

Jun 15, 2020

What is DeFi (Decentralized Finance)?

Decentralized Finance, more popularly known as DeFi, is an umbrella term for the next-generation financial applications ecosystem currently emerging. What sets the DeFi field apart from traditional finance applications is that it employs public blockchain technology. This is the same technology underpinning cryptocurrencies, and has become hotter than ever in past years.

DeFi, which is sometimes known as “open finance”, encompasses a broad variety of various subjects. To name a few, these include decentralized exchanges, decentralized stablecoins, decentralized money markets, decentralized synthetics and decentralized insurance.

This can all be a lot to take in. No matter what, it is clear that the most important takeaway is that the various applications in the DeFi field are decentralized. You might have heard about decentralization in relation to blockchain technology or cryptocurrencies - but what does it mean?

Blockchain...

Continue Reading...
Close

Get our Free Ebook

Enter your email and we will send it to you!